Productive efficiency implies
What will be an ideal response?
the impossibility of gains in one area without losses in another.
Economics
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The horizontal segment of the aggregate supply curve:
a. shows that real GDP can increase only by affecting the economy's price level. b. shows that real GDP can increase without affecting the economy's price level. c. depicts a positive relationship between real GDP and the price level. d. depicts a negative relationship between real GDP and the price level. e. marks the full-employment level of real GDP.
Economics
The Keynesian aggregate expenditures model assumes that price level is constant
a. True b. False Indicate whether the statement is true or false
Economics